want to know a to z of AAS 17 (SA 220)

SA-220 Quality Control For Audit Work 1) Meaning of certain terms (For this SA) a) Auditor : - The person with the final responsibility of audit b) Audit Firm: - A proprietorship or partnership firm providing audit service c) Personnel: - All partner and professional staff engaged in the audit practiced of the firm d) Assistants: - Personnel involved in an audit other than the auditor 2) Factors to be incorporated for quality control in audit work a) Professional requirements b) Skills & competence c) Assignment d) Delegation e) Consultation f) Acceptance and retention of clients g) Monitoring 3) Quality Control for Individual Audits • The quality control policies applicable to firm should be implemented for individual audits to the extent available. • Initially guide the audit assistants, then delegate the work to them accordingly • Undertake due Supervision and Proper Review